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Jones Lang LaSalle Incorporated : Infill Atlanta industrial properties seeing unmatched demand

Message : Required fields ATLANTA, Apr. 29, 2021 -JLL Capital Markets announced today that it has closed the sale of two fully leased, infill industrial facilities in highly sought-after logistical locations just outside of Atlanta s I-285 perimeter, demonstrating continued demand for infill assets proximate to dense population centers. JLL marketed the property at 1235 Commerce Rd. on behalf of the seller, BH Properties. Faropoint purchased the asset. 5351 Royal Woods Pkwy. was marketed on behalf of AIC Ventures, and Welcome Group LLC acquired the asset. As older, obsolete industrial product inside of the I-285 perimeter is increasingly demolished or redeveloped into other uses, urban infill markets are experiencing a shortage of supply, resulting in demand levels never seen before. Industrial inventory within the I-285 perimeter has decreased by more than 30% over the past 20 years, leading to consistent flight to alternate infill areas such as Morrow and Tucker, wh

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